What kinds of loans can you get if you are unemployed?

A:

Quick Answer

Loan options for individuals who are unemployed include borrowing against a life or home insurance policy, getting a loan with a co-signer or taking a cash advance on a credit card. Borrowing from friends and family, and car title loans are also options, notes About.com.

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Borrowing against a home insurance policy usually requires having adequate equity in the home and some form of income, such as alimony or unemployment, according to About.com. These borrowing options often offer installment payments over as many as 25 years.

Car title loans are a viable option for vehicles that are paid in full or are worth more than the owner currently owes, notes About.com. In addition to interest, these loans often come with additional fees. Proof of income is usually required